Added to YB: 2026-04-28
Pitch date: 2026-04-21
HOVR [bullish]
New Horizon Aircraft Ltd.
+14.05%
current return
Author Info
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Company Info
New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, designs hybrid-electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market in the United States.
Market Cap
$118.3M
Pitch Price
$1.85
Price Target
N/A
Dividend
N/A
EV/EBITDA
-4.69
P/E
-3.06
EV/Sales
N/A
Sector
Aerospace and Defense
Category
growth
New Horizon Cavorite X7 Crosses From Design Into Metal
HOVR: eVTOL developer transitioning from design to full-scale prototype completion by end-2026. $20M cash funds ops through FY2027—no billion-dollar raise needed vs peers (JOBY/ACHR). Key partnerships: RAMPF (fuselage), North Aircraft (fan-in-wing), MHIRJ/Mitsubishi (flight test instrumentation). Potential catalysts: manufacturing deal (MHI equity JV or Bombardier defense contract), Canadian gov funding (INSAT/SRF), $0.97/ASM validated (75% below helicopter costs). Risks: tech execution, certification timeline, sector sentiment. Asymmetric payoff at $81M mcap
Read full article (8 min)